what's the difference between rupees and dollar
Answers
Answer:
1$ = 74.93rs
There is no rocket science in it. Every country have right to select his own legal tender. India have indian rupee as it's legal tender currency where as US and many countries dollars as their legal tender currency.
The value of money is determined by the demand for it, just like the value of goods and services. There are three ways to measure the value of the dollar. The first is how much the dollar will buy in foreign currencies. That’s what the exchange rate measures. Forex traders on the foreign exchange market determine exchange rates. They take into account supply and demand, and then factor in their expectations for the future.
For this reason, the value of money fluctuates throughout the trading day. The second method is the value of Treasury notes . They can be converted easily into dollars through the secondary market for Treasuries. When the demand for Treasuries is high, the value of the U.S. dollar rises.
The third way is through foreign exchange reserve s . That is the amount of dollars held by foreign governments. The more they hold, the lower the supply. That makes U.S. money more valuable. If foreign governments were to sell all their dollar and Treasury holdings, the dollar would collapse . U.S. money would be worth a lot less.
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Answer:
The main difference is-
Dollar is national currency of USA.
Rupee is national currency of India.
Explanation:
Dollar is international currency of world and used for many works.
Dollar is one of the strongest currency of the world.
Dollar is very powerful 1 $ is equal to approx 73 rupees.
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